The limited partnership: an ideal vehicle for start-up ventures

Article Abstract:

New business ventures often fail to consider the tax consequences of their choice of legal entity once profits outweigh losses. Limited partnerships have many advantages over S and C corporations including single taxation of income; freedom from alternative minimum tax, personal holding company tax and accumulated earnings tax; nd the ability to use tax credits for stockholder income resources. However, concerns include increased liability, limited management of any one stockholder and taxable year limitations. These issues should be given adequate consideration when beginning a new venture.

Limited partnership, Limited partnerships

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Corporate integration

Article Abstract:

Corporate integration is an integrated revenue-neutral corporate income tax approach that ends the current US system of corporate double taxation. According to a 1992 Treasury Department Report, the four models of this approach are: the dividend exclusion prototype, shareholder allocation prototype, comprehensive business income tax, and the imputation credit system. The imputation model, used in many countries outside the US, essentially treats dividends in a manner similar to wage withholding by giving shareholders credits equal to taxes on gross dividends.

United States, Innovations, Income tax

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